Company Overview of Kuwait Finance House (Malaysia) Berhad
Kuwait Finance House (Malaysia) Berhad provides Islamic banking products and services for consumer, commercial, and corporate customers in Malaysia. It operates in a Shariah-compliant manner. It offers corporate and investment, commercial, and retail and consumer banking services, as well as treasury and international business services. The company accepts savings, current, foreign currency current, general investment, and foreign currency general investment accounts. It also offers home and personal financing services; wealth management services; remittance, priority banking, safe deposit box, and standing instruction services; and project, contract, working capital, asset, asset acquisitio...
Menara Prestige, 1
Kuala Lumpur, 50704
Founded in 2005
Key Executives for Kuwait Finance House (Malaysia) Berhad
Chief Executive Officer, Managing Director and Non-Independent & Non-Executive Director
Chief Executive Officer of KFH
Chief Officer of Transformation Programme Office
Compensation as of Fiscal Year 2015.
Kuwait Finance House (Malaysia) Berhad Key Developments
Employees Provident Fund Not Interested In Kuwait Finance's Malaysian Operations
Sep 28 15
Datuk Shahril Ridza Ridzuan, Chief Executive Officer of Employees Provident Fund of Malaysia, the major shareholder of Malaysia Building Society Bhd (KLSE:MBSB) confirmed that there were no talks between the pension fund and Kuwait Finance House (K.S.C.P.) (KWSE:KFIN) to acquire the KFIN's Malaysian operations Kuwait Finance House (Malaysia) Berhad. "We are not interested in KFH Malaysia. I don't think MBSB would either, but it will have to make the decision," told Datuk Shahril Ridza Ridzuan to Business Times, New Straits Times reported on September 28, 2015. In May 2015, there were rumors surrounding sale of Kuwait Finance House's Malaysian operations to MBSB.
KFIN Does Not Plans To Sell Or Merge Its Islamic Banking Subsidiary In Malaysia
Sep 23 15
Kuwait Finance House (K.S.C.P.) (KWSE:KFIN) said that it does not have any plan to sell or merge its Islamic banking subsidiary in Malaysia, quashing any talk that Kuwait Finance House (Malaysia) Berhad is on the brink of a takeover. Mazin Al-Nahedh, Chief Executive Officer of KFIN said the bank is not selling or merging its Malaysian business, instead it will embark on the restructuring of KFH Malaysia with "immediate effect". Meanwhile, Qatar National Bank S.A.Q. (DSM:QNBK) which was rumoured to be interested in buying KFH's business in Malaysia, said "preliminary talks had ended" in a filing to the Qatar Stock Exchange.
QNB And KFH End Talks Over Acquisition Of Malaysian Unit
Sep 22 15
Qatar National Bank Alahli S.A.E (CASE:QNBA) (QNB) and Kuwait Finance House (K.S.C.P.) (KWSE:KFIN) (KFH) have halted to buy KFH’s Malaysian unit. QNB said, “QNB announces stopping of preliminary talks to acquire Kuwait Finance House (Malaysia) Berhad without reaching an agreement.” Earlier KFH's Chief Executive, Mazin al-Nahedh told Reuters that the company had ruled out a sale or merger for its Malaysian unit ‘will begin restructuring the unit with immediate effect’.
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